Ivillage slides on plans to sell $125M in common stock

MichaelBaron

NEW YORK (CBS.MW) -- Ivillage
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shares lost more than 13 percent to $7.59 after the New York-based women's media firm filed a shelf registration statement with the Securities and Exchange Commission for the sale of up to $125 million in common stock. The statement also covers an additional up to 1,635,110 common shares beneficially owned by selling stockholders. Ivillage plans to sue the proceeds for general working capital and corporate purposes.

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